James Lyski Sells 57,986 Shares of CarMax, Inc. (NYSE:KMX) Stock

CarMax, Inc. (NYSE:KMX - Get Free Report) EVP James Lyski sold 57,986 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the completion of the transaction, the executive vice president now directly owns 22,803 shares of the company's stock, valued at approximately $1,855,024.05. The trade was a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CarMax Stock Performance

KMX traded down $1.15 during trading on Friday, reaching $80.07. 1,963,237 shares of the company were exchanged, compared to its average volume of 1,838,918. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The firm has a 50 day moving average of $80.81 and a 200 day moving average of $78.47. The stock has a market cap of $12.40 billion, a P/E ratio of 30.10, a PEG ratio of 1.74 and a beta of 1.71.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 earnings per share. On average, sell-side analysts forecast that CarMax, Inc. will post 3.01 EPS for the current fiscal year.

Institutional Investors Weigh In On CarMax

A number of hedge funds have recently made changes to their positions in KMX. Quarry LP increased its position in CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company's stock valued at $31,000 after acquiring an additional 184 shares during the period. Catalyst Capital Advisors LLC bought a new stake in CarMax during the third quarter worth approximately $32,000. True Wealth Design LLC lifted its position in CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company's stock worth $34,000 after purchasing an additional 436 shares during the period. Studio Investment Management LLC boosted its stake in CarMax by 176.7% during the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company's stock valued at $38,000 after purchasing an additional 334 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of CarMax by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company's stock valued at $57,000 after purchasing an additional 353 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Evercore ISI upped their target price on CarMax from $83.00 to $85.00 and gave the company a "market perform" rating in a research report on Thursday, December 19th. Oppenheimer reaffirmed an "outperform" rating and issued a $105.00 price target on shares of CarMax in a report on Friday, October 4th. Stephens started coverage on shares of CarMax in a report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 price objective for the company. Mizuho boosted their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, December 20th. Finally, Royal Bank of Canada increased their price target on shares of CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, CarMax presently has an average rating of "Hold" and a consensus target price of $85.17.

CarMax Company Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.